Samvardhana Motherson International by ICICI SecuritiesAnalysis dated 13 November 2024Sector: Auto Ancillaries – Auto, Truck & Motorcycle PartsPrice on Analysis date: Rs. 161Target Rs. 185(16% Upside potential)Target Period: 12 Months Samvardhana Motherson International Stock Research Report Operational performance below expectation; M&As to add to profitable growth ahead….. Samvardhana Motherson International’s (SAMIL) EBITDAM at 8.8% in […]
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Eicher Motors by ICICI SecuritiesAnalysis dated 14 November 2024Sector: Automobile – LCVS/ HVCSPrice on Analysis date: Rs. 4589Target Rs. 4850(6% Upside potential)Target Period: 12 Months Eicher Motors Stock Research Report Higher marketing spends impact profitability; focus on volume growth ahead….. Eicher Motors’ (EIM) Q2FY25 standalone EBITDAM came in at 26.3%, down ~160bps QoQ (vs consensus […]
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Blue Dart Express by ICICI SecuritiesAnalysis dated 13 November 2024Sector: Courier ServicesPrice on Analysis date: Rs. 7441Target Rs. 7500(1% Upside potential)Target Period: 12 Months Blue Dart Express Stock Research Report Volume uptick visible, but margin is still stagnant….. Blue Dart Express’ (BDE) Q2FY25 performance missed our and consensus’ estimates. Key points: 1) Number of shipments […]
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Astra Microwave Products by ICICI SecuritiesAnalysis dated 13 November 2024Sector: DefencePrice on Analysis date: Rs. 738Target Rs. 935(27% Upside potential)Target Period: 12 Months Astra Microwave Products Stock Research Report Growth trajectory intact….. Astra Microwave Products (AMP) posted steady performance in Q2FY25. Key points: 1) Consolidated EBITDA rose 18.2% YoY at INR 492mn while revenue rose […]
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National Aluminium Company by ICICI SecuritiesAnalysis dated 13 November 2024Sector: Aluminium & Aluminium ProductsPrice on Analysis date: Rs. 220Target Rs. 235(7% Upside potential)Target Period: 12 Months National Aluminium Company Stock Research Report Benefitting from the supply crunch….. NALCO’s Q2FY25 performance was significantly ahead of street estimates. Key points: 1) Profitability of both alumina and aluminium […]
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CESC by ICICI SecuritiesAnalysis dated 14 November 2024Sector: Power Generation/DistributionPrice on Analysis date: Rs. 175Target Rs. 215(23% Upside potential)Target Period: 12 Months CESC Stock Research Report RE takes up growth baton….. CESC is building its renewables platform. While the company has been a late entrant, it is gaining ground by: 1) setting up a team from […]
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Torrent Power by ICICI SecuritiesAnalysis dated 14 November 2024Sector: Power Generation/DistributionPrice on Analysis date: Rs. 1645Target Rs. 1500(-9% Downside potential)Target Period: 12 Months Torrent Power Stock Research Report A sub-par quarter….. Torrent Power reported a sharp decline in profit QoQ in Q2FY25. Q1 profit was boosted by merchant sales from stranded capacity and expansion in […]
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Tata Communication by ICICI SecuritiesAnalysis dated 18 October 2024Sector: Telecommunications ServicesPrice on Analysis date: Rs. 1830Target Rs. 1855(1% Upside potential)Target Period: 12 Months Tata Communication Stock Research Report Warming up for growth… Tata Communications’ (TCom) H1FY25 revenue print was muted due to subdued orderbook in FY24, and longer deal conversion cycle. However, it has built […]
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Polycab India by ICICI SecuritiesAnalysis dated 18 October 2024Sector: CablesPrice on Analysis date: Rs. 7121Target Rs. 6790(-5% Downside potential)Target Period: 12 Months Polycab India Stock Research Report Capex led strong revenue growth momentum to continue Takeaways: (1) Polycab reported robust broad-based revenue growth YoY led by favourable demand tailwinds. All segments reported strong double digit […]
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Havells India by ICICI SecuritiesAnalysis dated 18 October 2024Sector: Electric EquipmentPrice on Analysis date: Rs. 1806Target Rs. 2120(17% Upside potential)Target Period: 12 Months Havells India Stock Research Report Strong B2C growth; Rural off-take and margin revival likely in H2FY25 Havells reported strong performance in B2C segment with 20% revenue growth YoY. Broad-based growth across segments […]
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November 23, 2024
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